Here Comes the Inventory of Vacant Homes while Buyers’ Strike Continues despite Drop in Mortgage Rates by Wolf Richter • Aug 22, 2024 • 244 Comments Active listings explode in the metros of Tampa, Orlando, San Diego, Denver, Seattle, and others.
Home Buyers’ Strike Expands even as Mortgage Rates Drop to Lowest since May 2023. Surging Refis to Speed Up the Fed’s QT by Wolf Richter • Aug 21, 2024 • 86 Comments People are waiting for rates and prices to drop, while supply keeps rising.
Plunge of Single-Family Construction Starts in July Was Huge Outlier. See Hurricane Beryl. Multifamily Jumped 45% from March Low despite CRE Depression by Wolf Richter • Aug 16, 2024 • 43 Comments What we’re worried about and what we’re not worried about.
Here Come the HELOCs: Mortgages, the Burden of Mortgage Debt, Delinquencies, and Foreclosures in Q2 by Wolf Richter • Aug 7, 2024 • 75 Comments Delinquencies mostly edged down. Foreclosures form a frying pan pattern.
The Most Splendid Housing Bubbles in America, July 2024 Update. Below 2022 Peak: San Francisco, Seattle, Phoenix, Portland, Denver, Dallas, Las Vegas. New Highs: Miami, Los Angeles, San Diego… by Wolf Richter • Jul 30, 2024 • 103 Comments New Highs: Boston, New York, Miami, Tampa, Los Angeles, San Diego, Washington DC, and Chicago.
New-House Prices Solidly below Existing House Prices as Inventory Piles Up. Sales Hobble Along, Supported by Big Incentives & Mortgage-Rate Buydowns by Wolf Richter • Jul 24, 2024 • 72 Comments Inventory of completed houses jumps to highest since 2009. This pile-up of spec houses is exactly what the housing market needs.
Here Comes the Inventory of Vacant Homes: With Buyers on Strike despite Lower Mortgage Rates, Supply Spikes to Highest in 4 Years. Sales Drop Further except at High End by Wolf Richter • Jul 23, 2024 • 151 Comments A game-changer is underway. Even the NAR concedes this “shift from a seller’s market to a buyer’s market.”
Home Buyers Still on Strike even as Mortgage Rates Drop to Lowest since March. But Refis Jump to Highest since Aug 2022 by Wolf Richter • Jul 17, 2024 • 83 Comments A trend we watch: As refis rose from collapsed levels, the Fed’s QT of MBS increased for the fourth month in a row.
Home Buyers Remain on Strike, Housing Market Still Frozen as Prices Are Too High, Mortgage Rates Still 7% by Wolf Richter • Jul 10, 2024 • 213 Comments Powell to Congress: Higher rates are “the absolute best thing we can do for the housing market…” – “…particularly for younger people who are not yet in the housing market.”
Here Comes the Housing Inventory as Sales Plunge: Active Listings Explode in Tampa, Orlando, Denver, San Diego, Jacksonville, Miami and Surge in other Metros by Wolf Richter • Jul 9, 2024 • 133 Comments Listing prices in June flat YoY and below June 2022. Mortgage rates still at 7%. Prices way too high. Something has to give.
